Marine Link
Saturday, January 20, 2018

Open Business News

General Dynamics LCS Open Architecture Approach

The General Dynamics Littoral Combat Ship (LCS) team has applied its open architecture and open business model approach to provide the U.S. Navy with the most capable, most affordable, best-of-industry, non-proprietary solutions for Independence, the first General Dynamics ship, now under construction in Mobile, Ala., and the second General Dynamics ship, which is expected to be awarded later this year. General Dynamics' open architecture and open business model approach facilitates capability upgrades and reduces future costs through continual industry competition, resulting in the best solution for the U.S. Navy. This model uses an open architecture technical infrastructure…

General Dynamics Awarded $12M to Upgrade Sub

General Dynamics Advanced Information Systems was awarded an $11.5m modification to a previously awarded contract to provide engineering and technical services for the AN/BYG-1 weapons control system for SSN21-, Virginia- and SSN688/688I-class submarines. This contract modification is the second-year option of a multi-year contract awarded in July 2009. General Dynamics Advanced Information Systems is a business unit of General Dynamics (NYSE: GD). The AN/BYG-1 integrates the tactical control, weapons control and tactical network subsystems on U.S. Navy and Royal Australian Navy submarines. The General Dynamics-developed weapons control system is based on an open-architecture and open-business model approach which facilitates system enhancements.

Nor-Shipping: Opening Oceans in Denmark

Photo: Nor-Shipping

Global maritime event week Nor-Shipping is making its first move outside Norway, with a new initiative to help maritime and ocean industry players realize the almost limitless business potential of the ocean space. Nor-Shipping’s Opening Oceans Conference, taking place in Copenhagen from May 2-3, 2018, will bring businesses together to illustrate and discuss key opportunities, equip delegates with the tools to tackle them, and facilitate fresh collaborations. Timed to coincide with Danish Maritime Days…

U.S. Navy Awards General Dynamics $15 Million to Continue SEWIP Work

Photo: General Dynamics

The U.S. Navy has awarded General Dynamics Advanced Information Systems, a business unit of General Dynamics, a $15 million contract modification to continue development and production of the Navy’s Surface Electronic Warfare Improvement Program (SEWIP) Block 1B3. General Dynamics will continue to help the Navy enhance its shipboard electronic warfare systems and capabilities, to include providing SEWIP with the ability to detect and identify additional potential threats and provide early warning to combat-systems operators.

Washington Gov. Gregoire to Lead Contingent of Top-Tier Presenters at AAPA’s 100th Annual Convention

Sept. 11-15 conference to also spotlight Port of Seattle’s centennial anniversary. Against the backdrop of one of the USA’s busiest and most picturesque working waterfronts, the American Association of Port Authorities (AAPA) -representing seaports throughout the Western Hemisphere - will hold its 100th Annual Convention, Sept. 11-15, in Seattle. “We’re thrilled to be holding our 100th Annual Convention and Expo in Seattle, which last hosted it 22 years ago and, prior to that, during the Port of Seattle’s 10th anniversary in 1921,” said Kurt Nagle, AAPA’s president and CEO. “Throughout the week-long business program, attendees will hear from top government…

PTC Reports 1Q Results

PTC, the product development company, reported revenue totaling $234.9 million for the first quarter ended December 30, 2000, compared to $239 million for the same period last year. Pro forma net income for the quarter, which excludes the amortization of intangible assets, was $19 million compared to $17.6 million for the year-ago period. Including the amortization of intangible assets, net income was $12.3 million, compared with $10.4 million for the same period in fiscal 2000. C. Richard Harrison, president and CEO, said: "We are pleased with the performance this quarter and the confirmation we are receiving from the market and our customers on the importance of product development as the core of competitive advantage.

Chabahar Port "Win-Win" Situation for India, Iran

Indian Minister for Shipping Nitin Gadkari along with the Minister of Roads and Urban Development, Islamic Republic of Iran, Dr. Abbas Ahmad Akhoundi interacting with the media after India-Iran Bilateral Meet, in New Delhi on January 10, 2018. Photo: PIB

Chabahar Port was very important for both India and Iran, and offered a win-win situation to both countries, Indian Minister of Shipping Nitin Gadkari said. A government press release said that Gadkari held bilateral talks with Dr Abbas Akhoundi, Iranian Minister of Roads and Urban Development in New Delhi. He said the port would be a growth engine for India as it opened up an alternate route for exports to Afghanistan and Russia. It  would also open up business opportunities for investors of both India and Iran  to invest in each other’s country, he said.

DP World to Invest $1bn in Expansion

Photo: DP World

DP World is planning to annually inject up to $1 billion in global investments until 2020, local media quoted company chairman and CEO Sultan Ahmed Bin Sulayem as saying. The expansion at Prince Rupert in Canada opened for business. DP World Limassol in Cyprus opened a new cruise terminal. A series of acquisitions, technology tie-ups and sustainable business achievements all formed part of the activities that saw the global trade enabler expand its business horizons across the world.

Lockheed Martin Awarded $17m Contract

and integration services in support of the U.S. Warfare Federated Tactical Systems (SWFTS). technical products integrated into submarine combat systems. for all in-service U.S. systems that will be delivered to the new Virginia Class submarines. award terms for up to ten years. Technologies, LC; ASSETT, Inc.; and North Carolina A&T State University. To successfully implement the SWFTS program across the U.S. model. distribution.

Trump Aims to Open Nearly All US Offshore to Oil Drilling

© wanfahmy / Adobe Stock

The Trump administration on Thursday proposed opening nearly all U.S. offshore waters to oil and gas drilling, a move aimed at boosting domestic energy production that sparked protests from coastal states, environmentalists and the tourism industry. The effort to open previously off-limits acreage in the Atlantic, Arctic and Pacific oceans comes less than eight years after BP Plc's Deepwater Horizon oil spill in the Gulf of Mexico - the largest in American history. The disaster…

US Marine Repair Joins Lockheed Martin LCS Team

The Lockheed Martin LCS Team is adding United States Marine Repair to its group of core teammates supporting the Sea Blade LCS solution. Using an open business model, the Lockheed Martin LCS Team is recruiting "best of breed" technical specialists from the U.S. and overseas in its bid to win this important transformational Navy program. "A key focus of Lockheed Martin's LCS proposal is to find the best companies, in the U.S. and abroad, to deliver to the Navy the most affordable and effective ship possible," said Fred Moosally, president of Lockheed Martin's Naval Electronics & Surveillance Systems. "Our team is harnessing world class expertise in a wide range of disciplines. United States Marine Repair provides ship repair and logistics services experience to the team.

Digital Naming of Stena Immortal

Photo: Stena Bulk AB

The digital naming of the MR tanker Stena Immortal took place January 18 at Stena's new office in Hellerup in the north of Copenhagen. The 50,000 dwt Stena Immortal was built at the Guangzhou Shipbuilding International (GSI) shipyard in southeast China and is jointly owned on a 50-50 basis by Stena Bulk and Indonesian Golden Agri Resources (GAR). Following her delivery in September 2016, the 183-meter-long tanker has sailed in one of Stena Bulk's global logistics systems, which currently employ some 60 vessels, with a focus on refined petroleum products, vegetable oils and chemicals.

New Patrol Boat Delivered to Puerto Rico PD

The Puerto Rico Police Department's new Metal Shark 35 Defiant, operating off the coast of San Juan. (PRPD Photo)

The Puerto Rico Police Department (PRPD) has taken delivery of a new patrol boat from Louisiana-based boatbuilder Metal Shark. The new 35-foot Defiant welded aluminum pilothouse patrol vessel, built at Metal Shark’s Jeanerette, La. production facility, joins the fleet of 36-foot Metal Shark Fearless-class high performance center console patrol boats delivered to the PRPD a year ago. The PRPD’s new patrol boat features a fully-enclosed, climate-controlled pilothouse for all weather operation, outfitted with Shockwave shock-mitigating seating for a crew of four, the builder said.

New CEO, Co-CEO to Lead MHI Vestas Offshore Wind

Photo: Vestas Wind Systems A/S

Mitsubishi Heavy Industries (MHI) and Vestas Wind Systems (Vestas) have appointed Philippe Kavafyan to Chief Executive Officer (CEO) and Lars Bondo Krogsgaard to Co-Chief Executive Officer (Co-CEO) of MHI Vestas Offshore Wind. The appointments will take effect on 1 April, 2018, and are made in accordance with the joint venture agreement's principle of changing its leadership every four years. Under the leadership of out-going CEO Jens Tommerup and Co-CEO Tetsushi Mizuno, MHI Vestas Offshore Wind has established itself as a leading player in offshore…

Royston Expands UK Engineering Facilities

Sarah Wade (Photo: Royston)

Royston Diesel Power has doubled the size of its UK engineering facilities to support continuing global growth in its marine engine service business and new technology development. As part of a £500,000 ($676,000) investment program the company has opened an additional 15,000 sq. ft. of engineering workshop premises alongside its existing headquarters on the banks of the River Tyne. As well as increasing the company’s engine repair and maintenance capability, the new center will also provide a focus for a range of other technical support functions.

Rolls-Royce Mulls Sale of Commercial Marine Unit

Photo: Rolls-Royce plc

Industrial conglomerate Rolls-Royce is considering selling the bulk of its struggling marine business as the company embarks on another restructuring which aims to further slash costs. "We are embarking on a further simplification of the business, including the evaluation of strategic options for our Commercial Marine operation and a reduction from five operating businesses to three core units based around Civil Aerospace, Defence and Power Systems," said a press release from the company.

Damen Launches China Support Company

(Photo: Damen)

Netherlands based shipbuilder Damen said it has launched its China Support Company in Shanghai, officially opened December 4, by Kommer Damen, Chairman of the Damen Shipyards Group. The company, led by Managing Director, John Zhou, will be involved in a range of activities, including commercial activity for Damen newbuild and Damen Marine Components as well as the provision of services to clients in the region. The company will support Damen’s commercial involvement and development in the region…

G E Shipping Sells Supramax

Photo: The Great Eastern Shipping Co. Ltd.

India’s largest private sector shipping company  Great Eastern Shipping Company Limited (G E Shipping) has contracted to sell its 2003 built Supramax Dry Bulk Carrier Jag Rahul of about 52,364 dwt. G E Shipping said that the vessel will be delivered to the new buyer in Q4 FY 2017-18. The Company’s current fleet (including Jag Rahul) stands at 48 vessels, comprising 32 tankers (12crude carriers, 17 product tankers, 3 LPG carrier) and 16 dry bulk carriers (1 Capesize, 8 Kamsarmax, 7 Supramax) with an average age of 10.24 years aggregating 3.93 mn dwt.

Norden Boosts Earnings Expectations

Photo: Peter Gramstrup / Norden

 Danish shipping firm Dampskibsselskabet Norden A/S said its unaudited and preliminary results indicate an adjusted result for 2017 in the range of $20 million to $35 million, up from previous expectations of -$10 to $30 million.   Norden said the anticipated earnings improvement is a result of a stronger than expected performance in the fourth quarter of 2017 in both the tanker business and dry cargo business, including the dry operator.   Norden will publish its annual report for 2017 on March 6, 2018.  

New Bunker Trader at Dan-Bunkering

Michael Moschos

Dan-Bunkering (America) Inc. has appointed Michael Moschos as Bunker Trader as of 15 October 2012. Dan-Bunkering (America) Inc. opened for business earlier this year and has been very well received within the business. The employment of Michael Moschos is part of Dan-Bunkering’s long-term objective which implies strengthening the company’s position on the American market and continuing to recruit more traders to expand the newly opened office in Houston, Texas. 

WIL Lines Opens Home Base in Tripoli, Libya

WIL Lines, a worldwide logistics integrator with offices throughout the U.S., Africa, Middle East and Europe, recently opened its Libyan office in the capital, Tripoli. Since the re-establishment of diplomatic relations with the U.S. in 2004, Libya’s economy has opened significantly. Foreign businesses are finding it easier to do business there and the profits to be made are significant. The country has one of the highest GDPs in the world and is a major importer of dry foods and other foodstuffs. www.wilshipping.com

Reamco Opens Office in Aberdeen

Jamie Shepherd

Reamco Inc. announced the opening of a business development office in Aberdeen, Scotland, said CEO Ashley Lane. The new business development office will enable Reamco to better communicate with existing clients and aid in obtaining new business throughout the region. The office will be responsible for business development in the North Sea, Europe, Middle East and Africa. Tasked with developing the Aberdeen office, Jamie Shepherd joins Reamco with nearly 40 years of experience in the oil and gas industry.

Rolls-Royce Shares Jump as Commercial Marine Unit Sale Mulled

File Image: a Rolls-Royce water jet offering (CREDIT: Rolls-Royce)

Britain's Rolls-Royce said on Wednesday it was considering the sale of its commercial marine business, which has been hit by weak demand in offshore oil and gas markets, as part of a restructuring of the company into three core units. Shares in the company jumped after it said the loss-making unit could be sold. They were trading up 7.2 percent at 1330 GMT. The announcement came as part of a restructuring of the aero-engine maker into civil aerospace, defence and power systems units, with naval marine and nuclear submarines consolidated into defence and civil nuclear into power systems.

Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

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